Elon Musk's xAI will complete financing as soon as this week, with a valuation of $18 billion
Elon Musk's artificial intelligence startup xAI will complete this round of financing as soon as this week, with a valuation of about $18 billion, and Sequoia is one of the potential investors.
Bloomberg also reported last week that xAI will raise $6 billion (currently about 43.38 billion yuan) in a new round of financing. It was initially expected to be $3 billion, but the valuation has risen all the way due to the subsequent participation of a large number of participants. Previously, sources told Bloomberg that Musk's confidants at Sequoia Capital and Future Ventures, as well as other undisclosed investors, have also joined this financing war.
The new round of financing will help xAI obtain more AI computing resources to compete with openAI and Anthropic rivals in models: Musk recently said that xAI's next-generation Grok model is being trained on 20,000 Nvidia H100s, and the demand for AI GPUs for the future Grok 3 will increase to 100,000.
